[KamFongasChinHo]

You seem awfully confident that 6462 Norman will sell above $900k with a “ton” of interest. Are there that many knife catchers out there? Are these savvy investors who think their $900k investment won’t tank like it has in other San Diego areas over the last 2 years?

It appears in most instances it’s the banks that have taken the brunt of people’s dumb ideas to buy homes that are 2x to 3x more expensive than they were 8 years ago. Banks are not going to allow people to buy a home without at least 20% down so I wonder who’s left in the “ton” category? And if you are right and this home does sell above $900k, it’s still probably less than $300 psf and the other million dollar homes in the area would still appear to be significantly overpriced. 6462 Norman sold at $860k in 2003 and 6450 Dwane sold at $700k in 2003 and it’s priced ~50% hihger at $1 million+ while Norman is less than 10% higher. At what price do you think a ton of knifecatchers will purchase this home? The other Dwane properties have been on the market for approximately six months, so when is someone in the area going to get serious with their list prices?

[KamFongasChinHo]

You seem awfully confident that 6462 Norman will sell above $900k with a “ton” of interest. Are there that many knife catchers out there? Are these savvy investors who think their $900k investment won’t tank like it has in other San Diego areas over the last 2 years?

It appears in most instances it’s the banks that have taken the brunt of people’s dumb ideas to buy homes that are 2x to 3x more expensive than they were 8 years ago. Banks are not going to allow people to buy a home without at least 20% down so I wonder who’s left in the “ton” category? And if you are right and this home does sell above $900k, it’s still probably less than $300 psf and the other million dollar homes in the area would still appear to be significantly overpriced. 6462 Norman sold at $860k in 2003 and 6450 Dwane sold at $700k in 2003 and it’s priced ~50% hihger at $1 million+ while Norman is less than 10% higher. At what price do you think a ton of knifecatchers will purchase this home? The other Dwane properties have been on the market for approximately six months, so when is someone in the area going to get serious with their list prices?

[KamFongasChinHo]

You seem awfully confident that 6462 Norman will sell above $900k with a “ton” of interest. Are there that many knife catchers out there? Are these savvy investors who think their $900k investment won’t tank like it has in other San Diego areas over the last 2 years?

It appears in most instances it’s the banks that have taken the brunt of people’s dumb ideas to buy homes that are 2x to 3x more expensive than they were 8 years ago. Banks are not going to allow people to buy a home without at least 20% down so I wonder who’s left in the “ton” category? And if you are right and this home does sell above $900k, it’s still probably less than $300 psf and the other million dollar homes in the area would still appear to be significantly overpriced. 6462 Norman sold at $860k in 2003 and 6450 Dwane sold at $700k in 2003 and it’s priced ~50% hihger at $1 million+ while Norman is less than 10% higher. At what price do you think a ton of knifecatchers will purchase this home? The other Dwane properties have been on the market for approximately six months, so when is someone in the area going to get serious with their list prices?

[KamFongasChinHo]

You seem awfully confident that 6462 Norman will sell above $900k with a “ton” of interest. Are there that many knife catchers out there? Are these savvy investors who think their $900k investment won’t tank like it has in other San Diego areas over the last 2 years?

It appears in most instances it’s the banks that have taken the brunt of people’s dumb ideas to buy homes that are 2x to 3x more expensive than they were 8 years ago. Banks are not going to allow people to buy a home without at least 20% down so I wonder who’s left in the “ton” category? And if you are right and this home does sell above $900k, it’s still probably less than $300 psf and the other million dollar homes in the area would still appear to be significantly overpriced. 6462 Norman sold at $860k in 2003 and 6450 Dwane sold at $700k in 2003 and it’s priced ~50% hihger at $1 million+ while Norman is less than 10% higher. At what price do you think a ton of knifecatchers will purchase this home? The other Dwane properties have been on the market for approximately six months, so when is someone in the area going to get serious with their list prices?

[KamFongasChinHo]

You seem awfully confident that 6462 Norman will sell above $900k with a “ton” of interest. Are there that many knife catchers out there? Are these savvy investors who think their $900k investment won’t tank like it has in other San Diego areas over the last 2 years?

It appears in most instances it’s the banks that have taken the brunt of people’s dumb ideas to buy homes that are 2x to 3x more expensive than they were 8 years ago. Banks are not going to allow people to buy a home without at least 20% down so I wonder who’s left in the “ton” category? And if you are right and this home does sell above $900k, it’s still probably less than $300 psf and the other million dollar homes in the area would still appear to be significantly overpriced. 6462 Norman sold at $860k in 2003 and 6450 Dwane sold at $700k in 2003 and it’s priced ~50% hihger at $1 million+ while Norman is less than 10% higher. At what price do you think a ton of knifecatchers will purchase this home? The other Dwane properties have been on the market for approximately six months, so when is someone in the area going to get serious with their list prices?

[KamFongasChinHo]

So if the 6462 Norman Ln sells at $900,000 does that mean the new price point for similar homes is less than $200 psf? 6462 Norman last sold in 2003 for $860,000 and supposedly has had extensive upgrades since. So is this property unique or are we back to 2003 pricing in Del Cerro? Are the current million dollar properties priced at “wish” prices with over 50% higher psf prices? I have to believe yes. To me 6462 Norman is superior to all those properties on Dwane Ave currently for sale. It is definitely much larger. How eager are the owners on the Dwane Ave properties to sell? We’ve seen price collapses in formerly million dollar homes in Chula Vista, so will a savvy San Diego buyer be willing to risk a few hundred thousand and bet that Del Cerro won’t collapse as well? Banks have lost their willingness to lose on real estate too. Caveat emptor

[KamFongasChinHo]

So if the 6462 Norman Ln sells at $900,000 does that mean the new price point for similar homes is less than $200 psf? 6462 Norman last sold in 2003 for $860,000 and supposedly has had extensive upgrades since. So is this property unique or are we back to 2003 pricing in Del Cerro? Are the current million dollar properties priced at “wish” prices with over 50% higher psf prices? I have to believe yes. To me 6462 Norman is superior to all those properties on Dwane Ave currently for sale. It is definitely much larger. How eager are the owners on the Dwane Ave properties to sell? We’ve seen price collapses in formerly million dollar homes in Chula Vista, so will a savvy San Diego buyer be willing to risk a few hundred thousand and bet that Del Cerro won’t collapse as well? Banks have lost their willingness to lose on real estate too. Caveat emptor

[KamFongasChinHo]

So if the 6462 Norman Ln sells at $900,000 does that mean the new price point for similar homes is less than $200 psf? 6462 Norman last sold in 2003 for $860,000 and supposedly has had extensive upgrades since. So is this property unique or are we back to 2003 pricing in Del Cerro? Are the current million dollar properties priced at “wish” prices with over 50% higher psf prices? I have to believe yes. To me 6462 Norman is superior to all those properties on Dwane Ave currently for sale. It is definitely much larger. How eager are the owners on the Dwane Ave properties to sell? We’ve seen price collapses in formerly million dollar homes in Chula Vista, so will a savvy San Diego buyer be willing to risk a few hundred thousand and bet that Del Cerro won’t collapse as well? Banks have lost their willingness to lose on real estate too. Caveat emptor

[KamFongasChinHo]

So if the 6462 Norman Ln sells at $900,000 does that mean the new price point for similar homes is less than $200 psf? 6462 Norman last sold in 2003 for $860,000 and supposedly has had extensive upgrades since. So is this property unique or are we back to 2003 pricing in Del Cerro? Are the current million dollar properties priced at “wish” prices with over 50% higher psf prices? I have to believe yes. To me 6462 Norman is superior to all those properties on Dwane Ave currently for sale. It is definitely much larger. How eager are the owners on the Dwane Ave properties to sell? We’ve seen price collapses in formerly million dollar homes in Chula Vista, so will a savvy San Diego buyer be willing to risk a few hundred thousand and bet that Del Cerro won’t collapse as well? Banks have lost their willingness to lose on real estate too. Caveat emptor

[KamFongasChinHo]

So if the 6462 Norman Ln sells at $900,000 does that mean the new price point for similar homes is less than $200 psf? 6462 Norman last sold in 2003 for $860,000 and supposedly has had extensive upgrades since. So is this property unique or are we back to 2003 pricing in Del Cerro? Are the current million dollar properties priced at “wish” prices with over 50% higher psf prices? I have to believe yes. To me 6462 Norman is superior to all those properties on Dwane Ave currently for sale. It is definitely much larger. How eager are the owners on the Dwane Ave properties to sell? We’ve seen price collapses in formerly million dollar homes in Chula Vista, so will a savvy San Diego buyer be willing to risk a few hundred thousand and bet that Del Cerro won’t collapse as well? Banks have lost their willingness to lose on real estate too. Caveat emptor

[KamFongasChinHo]

If 6462 Norman went from $1.8 million to ~$900k what does that tell you about the other properties in that area? 6462 Norman is now only ~$50,000 above the 2003 price and 6450 Dwane is listed at ~$350 above the 2003 price. At what price point will these properties sell? This area still seems to be living in San Diego fantasy land.

[KamFongasChinHo]

If 6462 Norman went from $1.8 million to ~$900k what does that tell you about the other properties in that area? 6462 Norman is now only ~$50,000 above the 2003 price and 6450 Dwane is listed at ~$350 above the 2003 price. At what price point will these properties sell? This area still seems to be living in San Diego fantasy land.

[KamFongasChinHo]

If 6462 Norman went from $1.8 million to ~$900k what does that tell you about the other properties in that area? 6462 Norman is now only ~$50,000 above the 2003 price and 6450 Dwane is listed at ~$350 above the 2003 price. At what price point will these properties sell? This area still seems to be living in San Diego fantasy land.

[KamFongasChinHo]

If 6462 Norman went from $1.8 million to ~$900k what does that tell you about the other properties in that area? 6462 Norman is now only ~$50,000 above the 2003 price and 6450 Dwane is listed at ~$350 above the 2003 price. At what price point will these properties sell? This area still seems to be living in San Diego fantasy land.

[KamFongasChinHo]

If 6462 Norman went from $1.8 million to ~$900k what does that tell you about the other properties in that area? 6462 Norman is now only ~$50,000 above the 2003 price and 6450 Dwane is listed at ~$350 above the 2003 price. At what price point will these properties sell? This area still seems to be living in San Diego fantasy land.

[Author]

Posts